Investing.com - Redrow reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Redrow announced earnings per share of £0.15 on revenue of £1.04B. Analysts polled by Investing.com anticipated EPS of £37.00 on revenue of £957.37M.
Redrow shares are up 13.83% from the beginning of the year, still down 35.35% from its 52 week high of £850.76 set on February 20, 2020. They are outperforming the S&P/ASX 200 which is up 3.99% from the start of the year.
Redrow follows other major Capital Goods sector earnings this month
Redrow's report follows an earnings missed by Barratt Developments on February 4, who reported EPS of £0.34 on revenue of £2.49B, compared to forecasts EPS of £15.00 on revenue of £15.00M.
Berkeley had missed expectations on June 17, 2020 with fourth quarter EPS of £1.33 on revenue of £989.5M, compared to forecast for EPS of £125.00 on revenue of £912.27M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar